The earnings call highlighted strong performance in Japan and notable new business wins, particularly in the media and creative sectors. However, these positives were overshadowed by significant challenges in the CXM business, decreased operating margins, and a substantial reduction in net profit, leading to a downward revision of the company's financial guidance.
Company Guidance
In the Dentsu Q3 2024 earnings call, the company provided updated guidance, revising their full-year organic growth rate downward from circa 1.0% to circa 0%, and the operating margin guidance from circa 15% to circa 14%. They also adjusted the underlying operating profit from JPY 180 billion to JPY 167.7 billion. The group highlighted that Japan recorded its highest 9-month net revenue to date, showing positive growth at 2.3%, while the Americas and APAC regions faced challenges, especially in the CXM business, which impacted overall performance. The group's consolidated operating margin for the quarter was 12.0%, a decrease of 140 basis points year-over-year, attributed to higher staff costs and allowances for trade receivables. Despite these challenges, Dentsu achieved significant new business wins, including eBay and Adobe, and emphasized their focus on maintaining investments in data, technology, and AI to bolster future growth. The company plans to release a new midterm management plan in February, aiming for growth that outpaces the global market by 2027.
Record Net Revenue in Japan
Japan recorded the highest 9-month net revenue to date and is expected to continue its solid growth.
New Business Wins
The company won global media work for eBay, global creative work for Adobe, and regional media work for Pernod Ricard in the EU and China.
Sustainability Achievements
The group's greenhouse gas emissions reduction targets were validated by SBTI.
Industry Recognition
One of the group's employees won an Emmy Award for casting.
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Dentsu (DNTUF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DNTUF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 14, 2024
$30.28
$28.05
-7.36%
Aug 14, 2024
$26.54
$25.54
-3.77%
May 14, 2024
$26.11
$26.00
-0.42%
Feb 14, 2024
$26.72
$27.01
+1.09%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dentsu Inc. (DNTUF) report earnings?
Dentsu Inc. (DNTUF) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Dentsu Inc. (DNTUF) earnings time?
Dentsu Inc. (DNTUF) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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